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China auto dealers adopt self-regulatory antitrust convention

( November 21, 2024, 03:21 GMT | Official Statement) -- MLex Summary: The China Automobile Dealers Association has introduced a self-regulatory antitrust convention, effective Nov. 6, according to a statement issued by the association. The rules prohibit members from engaging in price-fixing, market division, boycotts, or other anticompetitive agreements, as well as abusing market dominance through practices such as tying or imposing extra transaction conditions. It also opposes gun-jumping in mergers and acquisitions, emphasizes the protection of consumer rights and promotes substantive review of antitrust compliance.The statement follows:...

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